Lebanon on FATF Grey List: Financial Oversight Intensifies

Lebanon is under enhanced scrutiny by the FATF, as it joins the grey list of countries monitored for financial crime activities. This development was disclosed by financial sources, while Lebanon's central bank remains silent on the issue.

Lebanon has been added to the Financial Action Task Force's (FATF) grey list, placing the country under heightened surveillance for potential financial crimes, according to two financial sources.

The grey list inclusion means Lebanon will face additional evaluations and regulatory scrutiny from global financial authorities.

While this development raises concerns about the nation's financial practices, Lebanon's central bank has yet to issue a public comment on the matter.

(With inputs from agencies.)